NSW govt opens up EOIs for Investment Delivery Authority

Businesses and investors are encouraged to get their expressions of Iiterest (EOIs) ready with the first round of the Investment Delivery Authority (IDA) set to open within weeks.

Announced today by NSW Treasurer Daniel Mookhey at the National Tech Summit, the first round of EOIs will accelerate approvals for major projects aligned with government priorities, focusing on advanced technology and energy, including data centres.

Projects recommended by the IDA will receive fast-track approvals for key initiatives, and support from a dedicated planning assessment team and multi-agency Investment Taskforce based in the Premier’s Department.

The IDA, modelled after the Housing Delivery Authority, is expected to assist around 30 large projects per year, bringing forward up to $50 billion of investment into NSW.

Eligibility criteria for the IDA includes a major project valued at $1 billion or more; being primarily non-residential; and related to data centres and technology, renewable energy and energy security.

The Investment Delivery Authority was announced in the 2025-26 NSW Budget with $17.7 million to support its work to drive investment, innovation and growth.

NSW Treasurer Daniel Mookhey said 17 of Australia’s tech unicorns - billion-dollar companies - are based in NSW. 

"These businesses are the engines of jobs and growth," he said.

“Supporting innovative businesses to scale is one of the greatest opportunities we have to improve the productivity and sustainability of the NSW economy.

“The Investment Delivery Authority is the vehicle to foster that growth – cutting red tape to boost productivity and jobs.”

Tech Council of Australia CEO Damian Kassabgi said collaboration between government and industry, including through targeted initiatives like this, is such an important driver of tech sector growth and the benefits that will deliver for the state of nSW

“Fast and centralised approvals for digital infrastructure will be vital to making the most of the AI opportunity for Australia," he said.